By Yasmine EDDAM
1 May 2025
In international trade, transactions involving maritime transport are often based on standardised contractual formulas. Among these, FAS (Free Alongside Ship) and FOB (Free On Board) sales are among the most widely used. These two types of contract, classified as outbound sales, have specific characteristics which determine the rights and obligations of the parties. Mastering their mechanisms is essential for any operator in maritime trade. Essential characteristics of FAS and FOB sales FAS and FOB sales belong to the category of outward sea sales, which means that delivery takes place at the port of shipment and that the goods then travel at the buyer's risk. The concept of sale on departure A sale by sea is considered to be a sale on departure when the transfer of risk takes place at the point of departure, i.e. before the goods embark on their sea voyage. Article L. 5424-2...
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